iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,495 Blog Posts

Sick Market

It was supposed to rally but now we’re heading lower again, spearheaded by Bitcoin. It looked so fanciful last night, when the futures traders clad in their fucking pajamas pranced about rigging futures higher. As soon as reality settled in and Trader Joe got to panic, we went lower.

I still have faith and have kept most of my longs. I did pare down a bit and I did just hedge a little via $TZA, but for the most part I’m with you long.

I see gold and oil and steel and commodity stocks in general are strong today. Weakness is concentrated in biotech and high beta. But tech isn’t too bad and it has me believing we might rally today. Maybe that’s what they want me to think, so I’ll step in, directly onto a fucking landmine and blow me legs clean off.

The corrupt politicians we elect are really trying their best to give our money away to other countries so they can wage war. When thinking about it, the issue most Americans have with the leadership here, if you’re being honest with yourselves, is the lack of ethics and honor in our government. We grew up under the illusion that a democratic America was ideal and just and we were strong because we were virtuous. To learn this isn’t true and to see them lie and do horrible things is one of the worst black pills for any patriotic countryman. To be virtuous and honorable you have to uphold standards consistently without exception. But we see with Ukraine and Israel and so many other cases that there are these exceptions and it also seems there is a bloodlust amongst the leadership that be unnatural and it extends into controlling and harming the very people they govern: us. So when we say “fuck them”, it’s really a reflection of our failure to stop them and this sense of helplessness leads us to say “I’d rather see Putin win than you, so fuck off.” And that’s the truth.

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One comment

  1. duuude

    Indeud. The Western monsters are untouchable. The only hope for society lies in the East.

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